[lbo-talk] Economics drivel

Wojtek Sokolowski sokol at jhu.edu
Mon Jun 9 13:00:02 PDT 2003


Doug:
>
> Actually "opportunity cost" is one of the few concepts I'm grateful
> to formal economics study for. It's not the same as bird in hand. I
> can't think of any colloquial equivalent for it.
>

It depends how you count those birds. If you have to give up one that you already have for the two that you might catch on the bush (which is how I read the saying) - you will get a gist of "opportunity cost" - no?

But again, my problem is not with economic modeling but with economic modeling turned into ruling class ideology. It is the same as "marxism-lenininsm" in fSU, or geo-centrism in the middle ages.

Wojtek



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